12/5/11 Mon am Fitch Lowers HP's Rating; Madoff to Appeal JPMorgan $20 Bil Ruling

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Post No. 1,354 The following is brought to you by Intellivest Securities Research, Inc. Toward the end of this Blog is a list of the Dow 30 current CEOs, and a ranking of the Dow 30 components by market capitalization and Dow 30 components' SEC filings in each case as of December 1, 2011.

A read of the print editions of Monday's Barron's, the Wall St. Journal, Financial Times, Investor's Business Daily, New York Times, USA Today, Atlanta Journal Constitution & Daily Report (Ga. - carries Bloomberg) yielded the following stories about Dow Jones Industrial Average 30 component companies and the Dow with stories about the Dow aggregated first and then items about Dow Jones Industrial Average 30 companies presented alphabetically, followed by symbol and Friday's stock prices and related data.

Dow Jones Industrial AverageThe Dow Jones Industrial Average closed Friday at 12,019.42 down 0.61 points or 0.01% from Thursday's close of 12,020.03. For the week the Dow was up 787.64 points or 7.01% from last Friday's close of 11,231.78. For the year the Dow is up 3.82%. Of the 30 Dow components 16 gained and 14 declined. The biggest gainer dollar-wise and percentage-wise was JPMorgan JPM $32.5 +2.04 6.7% 84,706,695 NYSE. The biggest decliner dollar-wise was Johnson & Johnson JNJ $63.5 -0.95 1.47% 14,147,584 NYSE and percentage-wise was Hewlett-Packard HPQ $27.74 -0.48 1.7% 18,981,494 NYSE.

Inv. Bus. Daily pA1 "Stocks relinquish gains; shaky close to big week" by Victor Reklaitis says stocks delivered a feeble ending to a strong week, as they closed miexed & near their session lows Fri. Friday's action was negative reversal in mixed volume. The current outlook is the market is in a correction.

As of the open of the market Monday, the current divisor for the Dow Jones Industrial Average found at page C4 of Monday's Wall St. Journal is 0.132129493. Monday's trailing P/E ratio is 13.00 unchanged from Friday's trailing P/E ratio of 13.00 (year ago it was 14.51); Monday's P/E estimate is 12.35 up from Friday's P/E estimate of 11.55 (year ago it was 12.33), and today's dividend yield is 2.62 unchanged from Friday's dividend yield of 2.62 (last year it was 2.51). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.

Friday's Dow Jones Industrial Average closing numerator was 1,588.11 down 0.09 from Thursday's closing numerator of 1,588.20. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator decrease for today by the divisor (0.132129493) you get the decrease in today's Dow. A $1 change in the price of any DJIA stock = a 7.57 change in the average.

The average closing price (the closing numerator divided by 30) of Friday's Dow Jones Industrial Average was $52.94 unchanged from Thursday's average closing price of $52.94. The median closing price of Friday's Dow Jones Industrial Average was $42.48 (DD/VZ) down $0.05 from Thursday's median closing price of $42.53. The lowest volume was United Technologies UTX $76.54 -0.04 0.05% 4,565,595 NYSE and the highest volume again was Bank of America BAC $5.66 +0.13 2.35% 268,914,398 NYSE.

If Friday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have lost $38 ($159,150 - 158,812).

MarketWatch Friday 12/2/11 3:43 pm by Kate Gibson says US stocks edged up on Friday, with the Dow on track for its biggest weekly point jump in three years, as investors considered a drop in the U.S. jobless rate and Europe’s debt crisis.
After a sharp jump, stocks came off their highs as investors assessed the jobs report, said Bob Phillips, managing partner of Spectrum Management Group in Indianapolis. Next week, European Central Bank, Bank of England and Australia's central bank have monetary policy meetings. Markets will focus on Chinese and U.S. economic reports and Zynga's IPO roadshow, and Costco earnings.“It was initially viewed as very positive, but the job situation still isn’t resolved,” said Phillips, who added: “I view it as being a wash, not negative, not positive, but more of the mediocre results we’ve been getting the past couple of years.” The November jobs report confirms “the economy, at least in the United States, is doing better,” said Brad Sorensen, director of market and sector analysis at the Schwab Center for Financial Research.“The big wild card out there is Europe, not only the debt crisis, but that Europe is likely slipping into a recession, and how deep that is could affect the economy here,” Sorensen said.After a 100-point climb, the Dow Jones Industrial Average DJIA -0.0051% was lately up 14.11 points, or 0.1%, at 12,034.14, a level that has it up 802.36 points, or 7.2%, on the week, its largest weekly point gain since the week ending Oct. 31, 2008.The Standard & Poor’s 500 Index SPX -0.02% advanced 2.03 points, or 0.2%, to 1,246.62, with financials leading the gains and health care down the most among its 10 major sectors. The index was up 7.6% from last Friday’s close.Up 7.8% on the week, the Nasdaq Composite COMP +0.03% climbed 4.78 points, or 0.2%, to 2,630.98.For every two stocks falling, three gained on the New York Stock Exchange, where 600 million shares had traded as of 3:30 p.m. The U.S. Labor Department reported nonfarm payrolls climbed by 120,000 in November and the jobless rate fell to 8.6% from 9%.
Investors are eagerly awaiting the meeting between the German and French leaders on Monday, the European Central Bank's monetary-policy meeting on Thursday, and the European Union summit on Friday. “We’re seeing a bit of onshoring, or manufacturing return to the United States from overseas, as companies realize they are not getting the cost savings and quality ..., but they are having trouble matching the skills to the jobs at this point. There are jobs out there to be found for people with skills,” said Sorensen. Phillips at Spectrum Management Group had a similar take.“I do think there’s an unfortunately growing mismatch between skill sets and what is needed,” said Phillips, who describes his client base as a lot of small business owners, many of them in manufacturing. Many of his clients want to hire, but are reluctant to take on the added expense of taking on and training employees when they feel the economy is still on shaky ground, Phillips said. “There’s plenty of money out there, it’s getting people confident to use it and companies to invest the money that is stacking up on their balance sheets,” said Sorensen at Schwab.
In Germany, Chancellor Merkel called Friday for quick treaty changes that would pave the way for closer fiscal union in the 17-nation euro area. Her comments come ahead of next week’s summit of European Union leaders. “Europe is going to be front and center again as they meet to talk about the integration next Thursday and Friday,” said Phillips.Sentiment was also helped by a Bloomberg News report that the European Central Bank was readying to loan as much as 200 billion euros ($270 billion) to the International Monetary Fund in an effort to ease the debt crisis.

Friday's Closing Dow Numbers & Monday's News:

Symbol Last Sale Change % Change Share Volume Market
AT&T T $29.01 +0.17 0.59% 20,165,022 NYSE: Barron's p37 "The high cost of buying the future" by Tiernan Rays says with Verizon adding over a million of the faster 4G devices per quarter, it needs more spectrum AT&T is trying to buy T-Mobile USA in part to get spectrum. The point is some firms have more money than others to build for the future.

Alcoa AA $9.93 +0.12 1.22% 24,218,303 NYSE: WSJ pR8 "Power to the people" by Matt Novak shows have firms have marketed better living through energy over the years and gives examples of 1940's GE ads for fluorescent lights and 1950's ad for Alcoa foil inclosed fiberglas insulation.

American Express AXP $48.28 +0.49 1.03% 6,127,549 NYSE: No mentions found.

Bank of America BAC $5.66 +0.13 2.35% 268,914,398 NYSE: WSJ pC20 "Hot money could make banks sweat" by David Reily says at JPMorgan, Bank of America, Citigroup & Wells Fargo during the 3Q deposits rose 10%, year over year, to a combined $3.9 trillion.

Boeing BA $71.4 +0.42 0.59% 6,890,482 NYSE: WSJ pB4 "Boeing's 787 on world tour" by Norihiko Shirouzu says Boeing will tour its Drealmliner jet in Beijing to create more buss after China Eastern Airlines canceled an order for 24 Dreamliner to buy 45 smaller 737's instead.

WSJ pA11 "Japan weighs options for pricey figher jets" by Chester Dawson says Japan will pick a replacement for its aging squadron of F-4 fights from among Boeing, Lockheed Martin & BAE Systems. Boeing is proposing the F-8 Super Hornet.

Barron's p16 "Week review" says Boeing reached a labor deal.

Caterpillar CAT $96.45 -0.37 0.38% 7,601,948 NYSE: No mentions found.

Chevron CVX $101.8417 +0.0117 0.01% 5,906,620 NYSE: WSJ pR6 "Big oil heads back home" by Guy Chazan says like Shell, Exxon is entrenching its position in the Americas, home to just over half its resource base. Its unconventional resources have grown by 90% over the past 5 years to 35 bil oil equiv. barrels partly due to its '10 purchase of XTO Energy, a big shale gas player. Chevron's 3 focus area ae the US Gulf of Mexico, off shore W. Africa & the waters off W. Australia.

Cisco CSCO $18.55 -0.03 0.16% 45,936,696 NASDAQ-GS: Barron's p38 "Those grand old tech stocks" by Mark Veverksa says many big cap tech names are shells of their former selves, but they are still doing better than big cap nontech sotcks. Microsoft, Intel and Cisco are paying dividends.

Barron's "Can't anybody play this game?" by Micahel Santoli & Andew Bary has a list of the top ten repurchasers of their stock during the past 12 months through Sept and except for #4, Conoco, & #9 Goldman Sachs, they are all Dow members as follows with amount of total purchase next to the name: 1. Exxon $22.39 bil, 2. IBM 15.07, 3. Intel 11.70, 5, Hewlett-Packard 10.12, Microsoft 9.09, JPMorgan 8.69, Coke 6.57, & 10 Cisco 6.08.

Barron's p40 "The best opportunities in a half-century" by Andrew Bary is an interview with Joe Rosenberg, Chief Investment Strategiest, Loews says Rosenberg urged Microsoft to scrap its proposed merger with yahoo! in ';08 which it did. Hes now bullish on Cisco, Hewlett-Packard, Merck, Microsoft, and Johnson & Johnson. He says Microsoft CEO Steve Ballmer should act more like IBM CEO Sam Palmisano.

Coke KO $66.48 -0.35 0.52% 9,657,572 NYSE: WSJ pB3 "Coca-Cola defends juice line in China" by Laurie Burkitt says Coke said there is no product quality issue with its Minute Maid Pulpy Super Milky juice drinks in China after a child who drank from a bottle died & 3 others became ill. A news agency siad there was toxic pesticide barbamate in the bottle.

Barron's "Can't anybody play this game?" by Micahel Santoli & Andew Bary has a list of the top ten repurchasers of their stock during the past 12 months through Sept and except for #4, Conoco, & #9 Goldman Sachs, they are all Dow members as follows with amount of total purchase next to the name: 1. Exxon $22.39 bil, 2. IBM 15.07, 3. Intel 11.70, 5, Hewlett-Packard 10.12, Microsoft 9.09, JPMorgan 8.69, Coke 6.57, & 10 Cisco 6.08

Disney DIS $36.685 +0.695 1.93% 9,224,474 NYSE: WSJ pB7 "Box Office figures" says Disney's Muppets was 2nd behind The Wiligh Saga as Muppets did $11.2 mil over the weekend in 3,440 theatres with a cumulative $56.1 mil.

Barron's p25 "CEO spotlight Robert Iger" by Michael Santoli says Disney CEO Robert Iger took over Disney in ';05 and has boosted rev by 28% and doubled earnings while shares are up 54% compared to the market being up 2%. He is 60 years old and a former weatherman who rose through the ranks.

DuPont DD $47.1 -0.19 0.4% 4,218,722 NYSE: No mentions found.

Exxon XOM $79.93 +0.14 0.18% 17,241,323 NYSE: WSJ pR6 "Big oil heads back home" by Guy Chazan says like Shell, Exxon is entrenching its position in the Americas, home to just over half its resource base. Its unconventional resources have grown by 90% over the past 5 years to 35 bil oil equiv. barrels partly due to its '10 purchase of XTO Energy, a big shale gas player. Chevron's 3 focus area ae the US Gulf of Mexico, off shore W. Africa & the waters off W. Australia.

Barron's "Can't anybody play this game?" by Micahel Santoli & Andew Bary has a list of the top ten repurchasers of their stock during the past 12 months through Sept and except for #4, Conoco, & #9 Goldman Sachs, they are all Dow members as follows with amount of total purchase next to the name: 1. Exxon $22.39 bil, 2. IBM 15.07, 3. Intel 11.70, 5, Hewlett-Packard 10.12, Microsoft 9.09, JPMorgan 8.69, Coke 6.57, & 10 Cisco 6.08

GE $16.13 +0.22 1.38% 63,786,444 NYSE: WSJ pR2 "Watch your energy"
by Cassandra Sweet says GE's Nucleus system are designed for customers with smart meters but have been modified to work without them.

WSJ pR8 "Power to the people" by Matt Novak shows have firms have marketed better living through energy over the years and gives examples of 1940's GE ads for flourescent lights and 1950's ad for Alcoa foil inclosed fiberglas insulation.

WSJ pB3 "GE jet fighter engine venture with Rolls Royce to end" by Kate Limebaugh says GE & Rolls Royce will end a self funded program to build an alienate engine to the F35 joint strike fighter which is a victory for United Technologies' Pratt & Whitney which has the contract to make the engine.

Barron's p17 "Week preview" says on tuesday GE will hold investor meetings and 3M offers its annual outlook. On Wed an FDA panel reviews Pfizer's application for a kidney-cancer drug.

Inv. Bus. Daily pA2 "Lockheed F-35 problems cited" says GE and Rolls Royce dropped plans to build an alternate to the current -35 engines, made by United Technologies Pratt & Whitney unit, giving up on what they said could be a $100 bil market.

Hewlett-Packard HPQ $27.74 -0.48 1.7% 18,981,494 NYSE: WSJ pB3 "Fitch lowers HP's rating by one notch" by Nathalie Tadena says Fitch downgraded Hewlett-Packard's rating on long term issuers to single A five notches into investment grade, from single A plus and removed the ratings from watch of a possible downgrade. The outlook is negative. HP declined to comment. Fitch cited HP's weaker than expected fin'l results in fiscal '11.

Barron's "Can't anybody play this game?" by Micahel Santoli & Andew Bary has a list of the top ten repurchasers of their stock during the past 12 months through Sept and except for #4, Conoco, & #9 Goldman Sachs, they are all Dow members as follows with amount of total purchase next to the name: 1. Exxon $22.39 bil, 2. IBM 15.07, 3. Intel 11.70, 5, Hewlett-Packard 10.12, Microsoft 9.09, JPMorgan 8.69, Coke 6.57, & 10 Cisco 6.08.

Barron's p40 "The best opportunities in a half-century" by Andrew Bary is an interview with Joe Rosenberg, Chief Investment Strategiest, Loews says Rosenberg urged Microsoft to scrap its proposed merger with yahoo! in ';08 which it did. Hes now bullish on Cisco, Hewlett-Packard, Merck, Microsoft, and Johnson & Johnson. He says Microsoft CEO Steve Ballmer should act more like IBM CEO Sam Palmisano.

Home Depot HD $40.015 +0.675 1.72% 16,960,224 NYSE:

Intel INTC $24.64 -0.28 1.12% 40,426,172 NASDAQ-GS: Barron's "Can't anybody play this game?" by Micahel Santoli & Andew Bary has a list of the top ten repurchasers of their stock during the past 12 months through Sept and except for #4, Conoco, & #9 Goldman Sachs, they are all Dow members as follows with amount of total purchase next to the name: 1. Exxon $22.39 bil, 2. IBM 15.07, 3. Intel 11.70, 5, Hewlett-Packard 10.12, Microsoft 9.09, JPMorgan 8.69, Coke 6.57, & 10 Cisco 6.08.

Barron's p38 "Those grand old tech stocks" by Mark Veverksa says many big cap tech names are shells of their former selves, but they are still doing better than big cap nontech sotcks. Microsoft, Intel and Cisco are paying dividends.

IBM $190.03 +0.58 0.31% 4,317,995 NYSE: Barron's pM10 "Beware the terrible 20" by Steven Sears says the stock market has barely advanced since 2000 and if the US stock market fails to advance significantly for 20 years this era might be called the terrible twenties. IBM is an example is where you might be able to make some money if you sold a call that expires in 3 to 6 months that is about 10% out of the money.

Barron's p40 "The best opportunities in a half-century" by Andrew Bary is an interview with Joe Rosenberg, Chief Investment Strategiest, Loews says Rosenberg urged Microsoft to scrap its proposed merger with yahoo! in ';08 which it did. Hes now bullish on Cisco, Hewlett-Packard, Merck, Microsoft, and Johnson & Johnson. He says Microsoft CEO Steve Ballmer should act more like IBM CEO Sam Palmisano.

Barron's "Can't anybody play this game?" by Micahel Santoli & Andew Bary has a list of the top ten repurchasers of their stock during the past 12 months through Sept and except for #4, Conoco, & #9 Goldman Sachs, they are all Dow members as follows with amount of total purchase next to the name: 1. Exxon $22.39 bil, 2. IBM 15.07, 3. Intel 11.70, 5, Hewlett-Packard 10.12, Microsoft 9.09, JPMorgan 8.69, Coke 6.57, & 10 Cisco 6.08

JPMorgan JPM $32.5 +2.04 6.7% 84,706,695 NYSE: WSJ pC3 "Madoff trustee cleared to appeal JPMorgan ruling" by Jacqueline Palank says the Madoff Trustte, Irving Picard, has won the right to appeal a ruling that cut nearly $20 bil of claims vs. JPMorgan. He will appeal a Nov. ruling that Picard didn't have standing to bring certain claims vs. JPMorgan based on the claim that JPMorgan should have known of the fraud.

WSJ pC20 "Hot money could make banks sweat" by David Reily says at JPMorgan, Bank of America, Citigroup & Wells Fargo during the 3Q deposits rose 10%, year over year, to a combined $3.9 trillion.

Barron's "Can't anybody play this ame" by Micahel Santoli & Andew Bary has a list of the top ten repurchasers of their stock during the past 12 months through Sept and except for #4, Conoco, & #9 Goldman Sachs, they are all Dow members as follows with amount of total purchase next to the name: 1. Exxon $22.39 bil, 2. IBM 15.07, 3. Intel 11.70, 5, Hewlett-Packard 10.12, Microsoft 9.09, JPMorgan 8.69, Coke 6.57, & 10 Cisco 6.08

Johnson & Johnson JNJ $63.5 -0.95 1.47% 14,147,584 NYSE: Barron's p40 "The best opportunities in a half-century" by Andrew Bary is an interview with Joe Rosenberg, Chief Investment Strategiest, Loews says Rosenberg urged Microsoft to scrap its proposed merger with yahoo! in ';08 which it did. Hes now bullish on Cisco, Hewlett-Packard, Merck, Microsoft, and Johnson & Johnson. He says Microsoft CEO Steve Ballmer should act more like IBM CEO Sam Palmisano.

Inv. Bus. Daily pA2 "Drugmakers target hepatitis C" says Bristol-Myers Squibb & Tibotec Pharmaceuticals, a unit of Johnson 7 Johnson, will jointly study a potential drug cocktail to treat chronic hepatitis C.

Kraft KFT $36.52 +0.02 0.05% 8,694,248 NYSE: No mentions found.

McDonald's MCD $95.82 +0.32 0.34% 3,521,906 NYSE: No mentions found.

Merck MRK $35.55 -0.13 0.36% 12,714,539 NYSE: Barron's p40 "The best opportunities in a half-century" by Andrew Bary is an interview with Joe Rosenberg, Chief Investment Strategiest, Loews says Rosenberg urged Microsoft to scrap its proposed merger with yahoo! in ';08 which it did. Hes now bullish on Cisco, Hewlett-Packard, Merck, Microsoft, and Johnson & Johnson. He says Microsoft CEO Steve Ballmer should act more like IBM CEO Sam Palmisano.

Microsoft MSFT $25.22 -0.06 0.24% 51,298,610 NASDAQ-GS: Barron's "Can't anybody play this game?" by Micahel Santoli & Andew Bary has a list of the top ten repurchasers of their stock during the past 12 months through Sept and except for #4, Conoco, & #9 Goldman Sachs, they are all Dow members as follows with amount of total purchase next to the name: 1. Exxon $22.39 bil, 2. IBM 15.07, 3. Intel 11.70, 5, Hewlett-Packard 10.12, Microsoft 9.09, JPMorgan 8.69, Coke 6.57, & 10 Cisco 6.08.

Barron's p38 "Those grand old tech stocks" by Mark Veverksa says many big cap tech names are shells of their former selves, but they are still doing better than big cap nontech sotcks. Microsoft, Intel and Cisco are paying dividends.

Pfizer PFE $19.92 -0.11 0.55% 39,679,678 NYSE: Barron's p17 "Week preview" says on tuesday GE will hold investor meetings and 3M offers its annual outlook. On Wed an FDA panel reviews Pfizer's application for a kidney-cancer drug.

Procter & Gamble PG $64.66 +0.58 0.91% 9,766,979 NYSE: Inv. Bus. Daily pA4 "Horace Hegedorn grew a fecund fetilizer firm" by J. L. Kominick says Miracle-Gro founder Horace Hegedorn took his cue from Procter & Gamble: find a product people were going to need over and over, then market the heckout of it.

3M MMM $79.76 -0.54 0.67% 5,381,823 NYSE: Barron's p17 "Week preview" says on tuesday GE will hold investor meetings and 3M offers its annual outlook. On Wed an FDA panel reviews Pfizer's application for a kidney-cancer drug.

Travelers TRV $54.222 -0.818 1.49% 5,145,513 NYSE: No mentions found.

United Technologies UTX $76.54 -0.04 0.05% 4,565,595 NYSE: WSJ pB3 "GE jet fighter engine venture with Rolls Royce to end" by Kate Limebaugh says GE & Rolls Royce will end a self funded program to build an alienate engine to the F35 joint strike fighter which is a victory for United Technologies' Pratt & Whitney which has the contract to make the engine.

Inv. Bus. Daily pA2 "Lockheed F-35 problems cited" says GE and Rolls Royce dropped plans to build an alternate to the current -35 engines, made by United Technologies Pratt & Whitney unit, giving up on what they said could be a $100 bil market.

Verizon VZ $37.86 +0.09 0.24% 13,260,704 DualListed: Barron's p37 "The high cost of buying the future" by Tiernan Rays says with Verizon adding over a million of the faster 4G devices per quarter, it needs more spectrum AT&T is trying to buy T-Mobile USA in part to get spectrum. The point is some firms have more money than others to build for the future.

Walmart WMT $58.09 -0.52 0.89% 10,901,701 NYSE: WSJ pC1 "In bargain aisle, a squeeze on margins" by Kelly Evans says dollars stores have been doing well beause hey are winning market share from Walmargt as lower income shoppers switch to smaller, more frequent shopping trips. Prices at Dollar General are 10% below Walmart.

Barron's pM8 "Asian trader" by Assif Shameen says last week, Delhi surprised investors when it finally approved the opening up of India's retail sector to foreign investors that would allow copanies such as Walmart to pen stores in India, as they have been able to do in China for years.

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Here are the current CEOs of the Dow 30 Companies:

AT&T T Randall L. Stephenson (Dallas, TX)
Alcoa AA Klaus Kleinfeld (NY, NY)
American Express AXP Kenneth I. Chenault (NY, NY)
Bank of America BAC Brian T. Moynihan (Charlotte, N.C.)
Boeing BA W. James McNerney, Jr. (Chicago, Ill)
Caterpillar CAT Douglas Oberhelman (Peoria, Ill.)
Chevron CVX John Watson (San Ramon, CA)
Cisco CSCO John Chambers (San Jose, CA)
Coca Cola KO Muhtar Kent (Atlanta, GA)
Disney DIS Robert Iger (Burbank, CA)
DuPont DD Ellen Kullman (Wilmington, DE)
ExxonMobil XOM Rex W. Tillerson (Irving, Tx)
GE Jeffrey R. Immelt (Fairfield, CT)
Hewlett-Packard HPQ Meg Whitman (Palo, Alto, CA)
Home Depot HD Frank Blake (Atlanta, GA)
Intel INTC Paul S. Otellini (Santa Clara, CA)
IBM Virginia M. Rometty (replaces Samuel J. Palmisano 1/1/12) (Armonk, NY)
JPMorgan Chase JPM Jamie Dimon (NY, NY)
Johnson & Johnson JNJ William C. Weldon (New Brunswick, NJ)
Kraft KFT Irene Rosenfeld (Northfield, Ill.)
McDonald's MCD Jim Skinner (Oak Brook, Ill)
Merck MRK Kenneth Frazer (Whitehouse Station, N.J.)
Microsoft MSFT Steve Ballmer (Redmond, WA)
Pfizer PFE Ian Read (NY, NY)
Procter & Gamble PG Bob McDonald (Cincinnati, OH)
3M MMM George W. Buckley (St. Paul, MN)
Travelers TRV Jay S. Fishman (NY, NY)
United Technologies UTX Louis Chenevert (Hartford, CT)
Verizon VZ Lowell McAdam (NY, NY) Lowell C. McAdam
Wal-Mart WMT Mike Duke (Bentonville, ARK)

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Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest 1/2 billion as of 12/1/11 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $302.5 [5]
2. IBM 223 [1]
3. Microsoft MSFT 212 [8.5]
4. Chevron CVX 203 [2]
5. WalMart WMT 202 [3.5]
6. Procter & Gamble PG 176.5 [3]
7. Johnson & Johnson JNJ 176 [3]
8. AT&T T 171 [6]
9. GE 168 [10.5]
10. Pfizer PFE 154 [7.5]
11. Coke KO 152 [2.5]
12. Intel INTC 131 [5]
13. JPMorgan Chase JPM 116 [4]
14. Merck MRK 109 [3]
15. Verizon VZ 107 [3]
16. Cisco CSCO 102 [5.5]
17. McDonald's MCD 98 [1]
18. United Technologies UTX 69.5 [1]
19. Disney DIS 64.5 [2]
20. Kraft KFT 64.5 [2]
21. Caterpillar CAT 62.5 [.5]
22. Home Depot HD 60.5 [1.5]
23. Bank of America BAC 56 [10]
24. 3M MMM 56 [.5]
25. Hewlett-Packard HPQ 56 [2]
26. American Express AXP 55.5 [1]
27. Boeing BA 53 [1]
28. DuPont DD 43.5 [1]
29. Travelers TRV 23 [.5]
30. Alcoa AA 10.5 [1]

Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 12/1/11:

Symbol & Co. Name/Date of Filing/Form Filed/ Comments

AT&T T: 11/28 8K re: redemption of subsidiary Cingular Wirelss' $2.97 bil debt
11/25/11 8K re: withdrawal from FCC of application to buy T-Mobile
11/7/11 10Q for qtr ended 9/30/11
10/27/11 8K re: redemption of 5.87% Notes due 2/1/12
10/20/11 2 8Ks re: 3Qtr results
9/8/11 8K re: redemption of certain notes
9/1/11 8K re: Dept. of Justice lawsuit to block AT&T acquisition of T-Mobile saying it will lessen competition & raise prices

Alcoa AA: 11/16/11 8K re: exec changes
10/20/11 10Q for Qtr ended 9/30/11
10/14/11 8K re: transcript of 3Qtr earnings call
10/12/11 8K re: 3Qtr results

American Express AXP: 11/15/11 8K re: delinq. & write-off stats for Aug, Sept & Oct
11/4/11 8K re: exec changes
11/2/11 10Q for Qtr ended 9/30/11
10/19/11 8K re: 3Qtr results
10/17/11 8K re: delinq & write-f stats for 3 months eded 9/30/11
9/15/11 & 9/14/11 8Ks re: delinquency & write-off stats for 3 months ended 8

Bank of Am BAC: 12/1/11 Proxy re: amendment of Dec. of Trust for Preferred HITs
11/17/11 8K re: exchange of preferred shares
11/2/11 10Q for Qtr ended 9/30/11
10/18/11 8K re: 3Qtr results
10/7/11 8K re: separation contracts with Sallie L. Krawcheck & Joe L. Price
9/7/11 8K re: exec changes including departure of Sallie Krawcheck
9/1/11 8K re: Amend Cert of Inc to designate Pref. Shares sold to Berkshire Hathaway for $5 bil

Boeing BA: 11/14/11 8K re: $2.3 bil revolving credit agrmt.
11/1/11 8K re: exec changes
10/26/11 10Q for Qtr ended 9/30/11
10/26/11 8K re: 3Qtr results
10/4/11 8K re: election of ex-Contintel CEO Larry Kellner as Director
9/30/11 8K & 8KA re: frequency of shareholder advisory votes

Caterpiller CAT: 11/18/11 8K re: past 3 monts dealer stats
11/4/11 10Q for Qtr ended 9/30
10/24/11 8K re: 3 month dealer stats
10/24/11 8K re: results for quarter ended 9/30/11
9/30/11 8K re: price increases
9/29/11 8K re: 3 month dealer stats
9/20/11 8KA 3 Mos dealer stats thru Aug
9/16/11 re: credit agreement

Chevron CVX: 11/3/11 10Q for Qtr ended 9/30/11
10/28/11 8K re: 3Qtr results
10/11 8K re: 3Qtr results
9/7/11 8K/A re: frequency of shareholder advisory votes

Cisco CSCO 11/22/11 10Q & 8K for Qtr ended 10/29
10/18/11 14A proxy (two) re: Annual Shareholder Meeting to be held 12/7/11 at Santa Clara, CA
9/20/11 8K re: contract with Exec VP Wim Elfrink
9/14/11 10K for year ended 7/30/11

Coke KO 11/10/11 Prospectus re: exchange of $1.6 bil of 2016 Notes
10/28/11 S-4 re: exchange of 3.3% Notes due '21 for 1.8% Notes due '16
10/27/11 10Q for Qtr ended 9/30/11
10/18/11 8K re: 3Qtr results
9/1/11 8K re: issuance of senior notes

Disney DIS 11/23/11 10K & 11/10/11 8K re: results for fiscal year ened 10/1/11
10/25/11 8K re: resignation of Director John E. Bryson to become U.S. Secretary of Commerce
10/7/11 8K re: extension of CEO Robert A. Iger's employment contract

DuPont DD: 11/22/11 8K : re: election of Lee M. Thomas as Director
10/25/11 10Q & 8K re: results for 3Qtr ended 9/30/11

ExxonMobil XOM: 11/29/11 8K re: exec changes
11/3/11 10Q for Qtr ended 9/30/11
10/27/11 8K re: 3Qtr results

GE: 11/8/11 10Q for Qtr ended 9/30/11
10/21/11 8K re: 3Qtr results
9/13/11 8K re: redemption of shares held by Berkshire Hathaway for $3.3 bil

Hewlett-Packard HPQ: 11/8/11 10Q & 11/21/11 8K re: results of year and Qtr ended 10/31/11
11/17/11 8K re: election of Ralph V. Whitworth to Board of Dirs
10/27/11 8K re: decision to keep PC unit
10/3/11 8K re: acceptance of offers to acquire Autonomy
9/29/11 8K re: separation contract with ex-CEO Leo Apotheker
9/28/11 8K re foreign antitrust approval of acquisition of Autonomy
9/22/11 8K re: replacement of CEO Leo Apotheker with Meg Whitman effective immediately
9/19/11 8KA & 8K re: issuance of flotaing global notes
9/13/11 8K re: purchase of Autonomy Corp.
9/9/11 10Q for quarter ended 7/31/11

Home Depot HD: 11/29/11 10Q & 11/15/11 8K re: results of Qtr ended 10/31/11
9/1/11 10Q for quarter ended 7/31/11

Intel INTC: 11/4/11 10Q for Qtr ended 10/1/11
10/19/11 & 10/18/11 8Ks re: Results for Qtr ended 10/1/11
9/19/11 & 9/14/11 8Ks re; offering of $5 bil of notes

IBM: 11/14/11 8K re: $10 bil Credit Agrmt
10/31/11 8K re: offering of $1.85 bil of debt
10/26/11 8K re: election of Virginia M. Rometty as CEO
10/25/11 8K re: election of David Farr, CEO of Emerson, to Bd.
10/25/11 10Q & 10/18/11 8K & 10/17/11 8K re: results for Qtr ended 9/30/11

JPMorganChase JPM: 11/8/11 8K re: election of James A. Bell as Dir.
11/4 28ks & 10Q re: Qtr ended 9/30/11
10/26/11 8K re: offering of $1.75 mil of 4.35% Notes due '21
10/13/11 8K re: 3Qtr results
9/30/11 8K re: reorganiz. of Retail Fin'l Services & Card Business segments
9/13/11 8K re: FD Disclosure re: guidance given at investor conference

Johnson & Johnson JNJ : 11/30/11 8K re: purchase of synthes & offer to hire its CEO
11/22/11 8K re: exec changes
11/8/11 10Q for Qtr ended 10/2
10/27/11 S-4 re: acquisition of Synthes
10/18/11 8K re: results for Qtr ended 10/2/11

Kraft KFT: 11/4/11 10Q & 11/2/11 8K re: Qtr ended 9/30/11
9/7/11 8K re: FD Disclosure re: presentation at investor conference

McDonald's MCD: 11/14/11 8K re: Investor Release re: Growth Plans
11/8/11 8K re: Oct sales
11/4/11 10Q for Qtr ended 9/30/11
10/21/11 8K re: results for 3Qtr ended 9/30/11
9/30/11 8K re: issuance of $500 mil med-term notes
9/26/11 8K re; declaration of quarterly cash dividend
9/12/11 8K re: August sales

Merck MRK: 12/1/11 8K re: election of CEO Ken Frazier to Bd & retirement of former CEO Richard Clark from Board
11/10/11 8K & 11/8/11 10Q re Investor Presentation re results for Qtr ended 9/30/11
10/28/11 8K re: results for 3Qtr
10/12/11 8K/A re: frequency of shareholder advisory votes on exec comp

Microsoft MSFT: 11/17/11 8K re: votings results from Annual Shareholder Meeting
10/20/11 10Q & 8K re: results for Qtr ended 9/30/11
10/18/11 & 10/4/11 & 10/3/11 14A Proxies re: Annual Meeting of Shareholders to be held 11/15/11 at Bellevue, Wash.

Pfizer PFE: 11/10/11 10Q & 11/1/11 8K for Qtr ended 10/2/11

Procter & Gamble PG: 11/3/11 8K re: Guidance
11/1/11 8K re: delay of sale of Pringles to Diamond Food
10/27/11 10Q & 8Ks (two) re: results of 3 Qtr ended 9/30/11
10/14/11 8K re: voting results of annual meeting of shareholders
10/11/11 *K re: quarterly dividend of 52.5 cents
10/11/11 CEO's Bob McDonald speech at annual shareholders meeting
10/6/11 8K re: political contribution policy
9/7/11 Def. 14A Proxy Material re: voting recommendations for directors

3M MMM: 11/3/11 10Q re Qtr ended 9/30/11
11/3/11 8K re: pre-arranged stock trading plan for an exec
10/25/11 8K re: results of 3Qtr
9/29/11 8K re: offer of $4 bil of notes
9/8/11 8K re: Distribution Agrmt with Goldman Sachs re: $3 bil of notes

Travelers TRV: 10/19/11 10Q & 8K re: results for Qtr ended 9/30/11
9/20/11 8K/A re: frequency of non-binding advisory shareholder votes

United Technologies UTX: 11/16/11 8K re: edemption of $500 mil of 6/1% Notes due 5/15/12
11/15/11 8K re: $15 bil Credit Agrmt
10/24/11 10Q & 10/19/11 8K re: results for Qtr ended 9/30/11
10/18/11 8K re: Pratt & Whitney & Rolls Royce partnership to develop next generation engines for mid-size aircraft
9/29/11 8K re: exec personnel changes
9/23/11 8K & Def. 14A Proxy Material re: acquisition of Goodrich

Verizon Communications Inc. VZ: 10/25/11 10Q & 10/21/11 8K re: results for Qtr ended 9/30/11
9/14/11 8K re: presentation to Merrill Lynch Media, Communication & Entertainment Conf.

WalMart WMT: 11/15/11 8K re: results for 3 & 9 months ended 10/31/11
9/29/11 8K re: adoption of Deferred Com Plan
9/27/11 8K re: retirement of Vice-Chair Eduardo Castro-Wright
9/1/11 10Q for quarter ended 7/31/11